Tax return storage at the Canada Revenue Agency. (Canada.ca)

Ottawa scraps plans for new limits on capital gains

The federal finance ministry has backed away from proposed plans for new limits on capital gains exemptions, over concerns of “unintended consequences” for businesses such as farms. Finance Minister Bill Morneau on Thursday announced the federal government “will not be moving forward with measures that would limit access to the LCGE (lifetime capital gains exemption),”

(MLGreenworld.com)

Toronto exchange may delist marijuana firms with U.S. operations

Toronto | Reuters — Canada’s TMX Group, operator of the Toronto Stock Exchange, said on Monday that it might delist stocks of marijuana companies with interests in the U.S., where their operations are illegal under federal law. TMX disclosed its plans as Canadian securities regulators said companies must disclose any connection to the U.S. marijuana









John Barlow in July 2015. (JohnBarlowMP.ca)

Consultations close on tax planning proposals

Calls from farm groups and federal opposition politicians for further consultations on a proposed overhaul of the private corporation tax system have been shut down in the House of Commons. A motion Tuesday from Ontario Tory MP Pierre Poilievre, vice-chair of the Commons finance committee, calling for consultations to continue beyond their Monday deadline through



A hemp plant in Alberta. (Jennifer Blair photo)

Post-secondary cannabis credentials on offer

Degree and diploma aggies interested in producing commercial cannabis and/or hemp will be able to get college-certified starting next year. Niagara College announced Tuesday it will launch a graduate certificate program in commercial cannabis production in 2018, a program it bills as Canada’s “first post-secondary credential” in the crop’s production. Niagara picked up approval this